Investors Purchase Large Volume of Call Options on ZIM Integrated Shipping Services (NYSE:ZIM)

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) saw unusually large options trading on Friday. Traders purchased 116,150 call options on the stock. This represents an increase of 267% compared to the typical volume of 31,688 call options.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ZIM. Clarkson Capital upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Fearnley Fonds lowered ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. decreased their price objective on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a research report on Friday, March 7th. Barclays decreased their price objective on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating for the company in a research report on Monday. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $18.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, ZIM Integrated Shipping Services has a consensus rating of “Hold” and a consensus target price of $13.54.

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several institutional investors have recently bought and sold shares of ZIM. JPMorgan Chase & Co. raised its stake in shares of ZIM Integrated Shipping Services by 59.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock worth $46,482,000 after purchasing an additional 674,723 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $2,612,000. Blueshift Asset Management LLC bought a new stake in shares of ZIM Integrated Shipping Services during the 3rd quarter worth approximately $620,000. Quantbot Technologies LP raised its stake in shares of ZIM Integrated Shipping Services by 9,573.0% during the 3rd quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock worth $9,506,000 after purchasing an additional 366,647 shares in the last quarter. Finally, Decker Retirement Planning Inc. bought a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $5,509,000. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Down 0.1 %

NYSE ZIM traded down $0.02 during trading on Friday, hitting $17.95. The stock had a trading volume of 6,359,724 shares, compared to its average volume of 5,627,156. The company has a market capitalization of $2.16 billion, a PE ratio of 1.50, a P/E/G ratio of 0.27 and a beta of 1.70. The company’s 50-day moving average price is $18.89 and its two-hundred day moving average price is $20.56. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. ZIM Integrated Shipping Services has a 12 month low of $9.47 and a 12 month high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its earnings results on Wednesday, March 12th. The company reported $4.66 EPS for the quarter, beating the consensus estimate of $3.47 by $1.19. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. As a group, sell-side analysts forecast that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be paid a $3.17 dividend. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. The ex-dividend date of this dividend is Monday, March 24th. This represents a $12.68 annualized dividend and a yield of 70.63%. ZIM Integrated Shipping Services’s payout ratio is presently 6.51%.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.